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The Ministry of Power in India has unveiled the draft National Electricity Policy (NEP) 2026, proposing annual tariff revisions linked to an index, exemptions for manufacturing and railways from cross-subsidies, and a focus on renewable energy expansion. The policy aims to increase per capita electricity consumption from 1,460 kWh in 2024-25 to 2,000 kWh by 2030 and over 4,000 kWh by 2047, aligning with climate commitments of a 45% reduction in emissions intensity by 2030 and net-zero emissions by 2070.

Key interventions include resource adequacy planning by distribution companies (DISCOMs), market-based renewable capacity addition, and improved regulatory frameworks to prevent market dominance. The draft also supports energy storage deployment, nuclear power expansion to 100 GW by 2047, and emphasizes the need for advanced grid technologies and cybersecurity measures. Stakeholder feedback is being invited as the policy seeks to transform the power sector in line with the government's vision of Viksit Bharat by 2047.